According to Odaily, the Basel Committee has released updated compliance rules for banks dealing with crypto assets. In the latest consultation, the committee has threatened to classify traditional digital securities on public blockchains as carrying the same risk as cryptocurrencies. This move could deter banks from participating in tokenization projects on public blockchains due to the high associated costs. Additionally, the final changes have removed two major proposed changes regarding stablecoins. The consultation suggests that all stablecoin reserves must be placed in bankruptcy-remote tools. Notably, the Basel Committee is also considering banning the use of securities financing transactions, such as repos and reverse repos, in stablecoin reserves.